Analyst
Bullish Preference: Buy position is envisaged if price trades above 1.19091 with take profit at 1.19286.
Bearish Preference: Sell position is envisaged if price trades below 1.18818 with take profit at 1.18629.
Core PPI m/m (USD) 1:30 PM
PPI m/m (USD) 1:30 PM
Final Wholesale Inventories m/m (USD) 3:00 PM
Comment: The dollar edged higher in early European trading Friday, but remains anchored near two-week lows following disappointing jobless figures and with the Federal Reserve showing no signs of changing its ultra-easy monetary policy stance. Hence, EUR/USD partially reverses Thursday’s move to new multi-day highs near the 1.1930 zones and returns to the 1.1900 neighbourhood on the back of the resumption of the demand for the greenback.
Bullish Preference: Buy position is envisaged if price trades above 109.642 with take profit at 109.742
Bearish Preference: Sell position is envisaged if price trades below 109.136 with take profit at 109.006.
Core PPI m/m (USD) 1:30 PM
PPI m/m (USD) 1:30 PM
Final Wholesale Inventories m/m (USD) 3:00 PM
Comment: The dollar was up on Friday morning in Asia, even as downbeat U.S. jobs figures and a stubbornly dovish U.S. Federal Reserve prompted investors to unwind some bets on the greenback and drove it towards its worst week of the year. The Fed continued to maintain its dovish stance on monetary policy, with Chairman Jerome Powell telling an International Monetary Fund event on Thursday that the stance would only shift after a few consecutive months of positive data.
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